Live Nation, a concert promotion company that has already inked a so-called 360 deal with Madonna, announced Monday that it will oversee the Irish music group’s touring, merchandise, and Web site.

“We’ve been dating for over 20 years now, it’s about time we tied the knot,” lead singer Bono said in a statement. “With regards to U2.com, we feel we’ve got a great Web site, but we want to make it a lot better.”

Even though there’s lots of planning involved for a global tour like u2’s 12 years still seems like a long time - Bono will be 59 when the deal finishes.

That’s taken from the news.com news blog.

There’s a big article on Live Nation and what they’re all about over on money.cnn.com. Or just check out the wikipedia entry.

“U2 Funny live moments”: